Quicksilver Resources Director Sells $21,500 in Stock (KWK)
Quicksilver Resources (NYSE:KWK) Director Thomas Darden sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $2.15, for a total value of $21,500.00. Following the sale, the director now directly owns 5,662,604 shares of the company’s stock, valued at approximately $12,174,599. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Quicksilver Resources (NYSE:KWK) in a research note to investors on Wednesday, August 7th. They now have a $1.75 price target on the stock. Analysts at Barclays Capital cut their price target on shares of Quicksilver Resources (NYSE:KWK) from $2.00 to $1.00 in a research note to investors on Wednesday, July 24th. They now have an “underweight” rating on the stock. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $1.75.
Shares of Quicksilver Resources (NYSE:KWK) traded down 2.55% during mid-day trading on Friday, hitting $2.29. The stock had a trading volume of 3,659,818 shares. Quicksilver Resources has a one year low of $1.44 and a one year high of $4.96. The stock has a 50-day moving average of $1.82 and a 200-day moving average of $2.04. The company’s market cap is $390.0 million.
Quicksilver Resources (NYSE:KWK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.08. The company had revenue of $175.50 million for the quarter, compared to the consensus estimate of $125.83 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was down 29.3% on a year-over-year basis.
Quicksilver Resources Inc (NYSE:KWK) is an independent oil and gas company engaged primarily in the acquisition, exploration, development and production of onshore oil and gas in North America.
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